Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Heck Introduces Bill to Expand Development of Renewable Energy on Public Lands  Join our daily free Newsletter

MENAFN - - 6/22/2012 9:03:03 AM

Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story.aspx%3fstoryid%3dd57da5a8-13ea-409b-a7b0-fdf7e95458d6%26src%3dMWHEAD Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story.aspx%3fstoryid%3dd57da5a8-13ea-409b-a7b0-fdf7e95458d6%26src%3dMWHEAD Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


Heck Introduces Bill to Expand Development of Renewable Energy on Public Lands

Bill would make Nevada national leader in renewable energy, boost economy, create jobs

Jun 22, 2012 (Menafn - Congressional Documents and Publications/ContentWorks via COMTEX) --WASHINGTON - As the House of Representatives continues to work towards developing an all-of-the-above energy policy, Representatives Joe Heck (R-NV-03) and Martin Heinrich (D-NM-01) today introduced legislation, H.R. 5991, the Public Lands Renewable Energy Development Act, which places renewable energy on a sustainable path towards competitive leasing on public lands. The legislation was developed to provide a clear and straightforward process for permitting and developing renewable energy on public lands, while at the same time providing for state and local units of government to obtain a share of the revenue from the sales of energy production. Western states such as Nevada contain millions of acres of public lands that could be used to develop renewable energy sources, new technologies, and create jobs. Senators Dean Heller (R-NV) and Jon Tester (D-MT) have introduced companion legislation in the United States Senate.

"More than 80% of the state of Nevada is owned by the federal government and that land should be used in a way that can provide energy security, reduce energy costs, develop new technologies, and create jobs," Rep. Heck said. "By streamlining the development of renewable energy on these lands, Nevada will have the chance to lead the nation in the development of viable renewable energy sources and our state will gain revenues from royalties to reinvest in the community."

Background:

The Energy Policy Act of 2005 set a goal of developing 10,000 megawatts of renewable energy on public lands by 2015 and the Department of the Interior is pushing to permit 9/10ths of that before the end of this year. With some of the best renewable energy development sites located on public land, it is critically important to meet these twin goals of expanding renewable energy which will put us on a path to energy security and create jobs. The Heck-Heinrich bill puts a process in place for the Department of the Interior to meet these goals.

Currently, renewable energy development projects compete against conventional energy sources for lease permits, a process known as right-of-way permitting. The current right-of-way permitting system does not provide a long-term solution, but is rather an attempt to make renewable energy fit within existing statues. The bill introduced by Reps. Heck and Heinrich would help streamline the process for the development of renewable energy.

Revenues gained from renewable energy lease sales shall be divided to:

25% to the county(ies) in which a project is located;

25% to the State in which a project is located;

15% for a renewable energy permit processing fund for Interior (after 15 years, this revenue stream will be deposited into the conservation fund); and

35% to a fund for wildlife and land conservation and protection.

Such payments to the localities and states will provide funding for local investments, and support conservation activities.

More than 80% of the land in the state of Nevada is owned by the federal government, while over 40% of land in New Mexico is federally held.

Read this original document at: http://heck.house.gov/press-release/heck-introduces-bill-expand-development-renewable-energy-public-lands


 






International Provider
May 25, 2013 Veterans encourage colleagues' support, membership in veterans organizations, McClatchy-Tribune Information Services -- Unrestricted
May 25, 2013 At least 17 die in Maoist guerrilla attack in India, EFE News Services
May 25, 2013 Memorial Day events scheduled in the Northland, McClatchy-Tribune Information Services -- Unrestricted
May 25, 2013 Kewaunee Scientific CEO celebrated for hard work, McClatchy-Tribune Information Services -- Unrestricted
May 25, 2013 Speller ready to represent county, McClatchy-Tribune Information Services -- Unrestricted
May 25, 2013 Duo back in the music business, and loving every minute of it, McClatchy-Tribune Information Services -- Unrestricted
May 25, 2013 5 soldiers killed as rash of bombings hits southern Thailand, United Press International
May 25, 2013 'Now I can talk to anyone', McClatchy-Tribune Information Services -- Unrestricted
May 25, 2013 Volunteers lay flags to honor veterans at Jacksonville National Cemetery, McClatchy-Tribune Information Services -- Unrestricted
May 25, 2013 Longmont-based UQM's earnings reflect Coda bankruptcy, McClatchy-Tribune Information Services -- Unrestricted
more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help